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Surviving the Government Super Storm

gmallast Wrote: Jan 23, 2013 10:52 PM
Having been in the job market for 10 years now and having met an awful lot of people in the same boat, I can tell you Dr. Vedder's analysis is180% wrong. In the first place most people that are counted as having dropped out of the workforce still really want a job and are looking. It is just they have dropped out of the way the BLS calculates things. Take the degreed, experienced engineer who takes a part time job as a greeter at Wal Mart. According to government bean counters his is employed. Take the same guy if neither Wal Mart nor McDonald's has been willing to hire him because he is "overqualified" He is still looking. He never qualified for "unemployment insurance" Thus to the BLS he is no longer looking even though he is.

There's a super storm raging over our economy that's been seeded and fueled by the federal government over a period of the past several decades. And it's literally costing the country trillions of dollars in GDP per year.
It’s not merely garden-variety government waste that's the problem either. It's monumental stupidity by the government, combined with venial cupidity by voters who think they can get others to pay for their free lunch.

This government-created storm has, more than any other factor, contributed to the fiscal crisis; a crisis that is creating more expansive government programs, robbing us of more GDP, thus ensuring...

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